Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
New mortgage rules sending borrowers to alternatives Feb 7th
TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance.
As a result, alternativ.... More »
Canada's Big 5 bank CEOs pay rises 6.5% to $54M in 2018 Mar 14th
The chief executives of Canada's five largest banks collectively earned roughly $63.2 million in total compensation during the 2018 financial year, up about 12 per cent from the previous year..... More »
Key Canada Events: Week of Aug. 24-28 + MORE Aug 24th
On tap in Canadian business this week: quarterly financial results from the country's five big banks, and more..... More »
Canada’s big banks expected to report modest gains in earnings + MORE Nov 28th
The country’s stumbling energy sector, weak dollar and housing regulations all contributed to less-than-stellar outlook
.... More »
Mortgage deferral coming to an end? You have other options — but beware of penalties Sep 14th
The major Canadian banks are preparing for the end of the deferral period and offering to work with clients to ensure they can continue to meet their financial obligations in a manageable way, Elaine Smith writes..... More »
Is It Time to Move Your Money?
– ratesupermarket.ca
The search is on for greener pastures this week, as banking customers seek out the best rewards, customer service, and no-fee options for managing their cash.
On the credit card front, former CIBC Aeroplan customers have been speaking out against their mandated move to TD – and we’ve gone to bat regarding some of their biggest frustrations. Meanwhile, new developments in credit card interest charges, and a revived auto insurance discount plan, leave one wondering what other lenders have in store. Read on for our full coverage.
TD – CIBC Aeroplan Transition: Customers Speak Out
Last summer, CIBC announced they’d be selling half of their Aeroplan credit card business (about 550,000 cardholders) to TD. Now, a month after the official switch, many transitioned clients still face frustrations due to poor customer service, lack of rewards and tricky tech issues.
Did TD drop the ball here – or are blips to be expected in such a large-scale operation? We asked them the tough questions – read on for their answers…
On the credit card front, former CIBC Aeroplan customers have been speaking out against their mandated move to TD – and we’ve gone to bat regarding some of their biggest frustrations. Meanwhile, new developments in credit card interest charges, and a revived auto insurance discount plan, leave one wondering what other lenders have in store. Read on for our full coverage.
TD – CIBC Aeroplan Transition: Customers Speak Out
Last summer, CIBC announced they’d be selling half of their Aeroplan credit card business (about 550,000 cardholders) to TD. Now, a month after the official switch, many transitioned clients still face frustrations due to poor customer service, lack of rewards and tricky tech issues.
Did TD drop the ball here – or are blips to be expected in such a large-scale operation? We asked them the tough questions – read on for their answers…
